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Arte-miy333 [17]
3 years ago
12

What is the future value of $450 at an interest rate of 15 percent one year from today?

Business
1 answer:
gladu [14]3 years ago
3 0

Answer:

$517.50

Explanation:

we have to use the future value formula:

future value = present value x (1 + interest rate)ⁿ

  • present value = $450
  • interest rate = 15%
  • n = 1 year

future value = $450 x (1 + 15%) = $450 x 1.15 = $517.50

The basic premise of finances is that the value of money changes over time, i.e. one dollar today is worth more than one dollar tomorrow. That is because the money yo have today can be invested and it can interest, therefore, it will be worth more in the future.

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Chris runs a small business. She always seems to come up with original and effective new ideas. As an entrepreneur Chris is high
N76 [4]

Answer: Innovative

Explanation:

(of a product, idea, etc.) featuring new methods; advanced and original.

"innovative designs"

(of a person) introducing new ideas; original and creative in thinking.

"an innovative thinker"

4 0
3 years ago
Jarvis wants to invest equal semiannual payments in order to have $10,000 at the end of 20 years. Assuming that Jarvis will earn
SSSSS [86.1K]

Answer:

$10,000 divided by the future amount of an ordinary  annuity of 40 payments of $1 each at an interest rate of  3% per period.

Explanation:

given data

semiannual payments = $10,000

time period = 20 year

annual rate = 6%

solution

The question has future value because it calculates the periodic amount of the annual amount that must be invested to produce the given amount in the future.

Accordingly, the appropriate factor showing the effect of compound interest is derived from the formula for the future value of the common annuity of $1

This factor multiplied by the periodic payment is equal to the future amount. If the payment is unknown, the future amount of the regular annuity formula can be calculated by dividing the future amount ($ 10,000) by the appropriate factor obtained.

when payment is made semiannually for 20 years,

then 40 compounding period is involved.

If the interest rate is 6% the semiannual interest rate is 3%.

3 0
4 years ago
Suppose the economy had been producing at potential output but is now experiencing a recession. Which of the following are discr
Novay_Z [31]

Answer: a) -A tax cut

-Additional spending on national park facilities

b) Expansionary fiscal policy

Explanation:

Fiscal Policy refers to how the government of a country is using it's spending and taxes to influence Economic conditions on a Macro level.

The keywords for this question are TAXES and SPENDING.

The means that a Discretionary FISCAL policy includes Taxes and Spending.

Now the way to close the Recessionary gap that is opening is to put more money into the Economy. The Government can do this by REDUCING TAXES which will means people have more money to spend and ADDITIONAL SPENDING on NATIONAL PARK FACILITIES as this means that the government is pumping more money into the Economy.

The discretionary fiscal policy needed to bring the economy closer to potential output is an example of an EXPANSIONARY FISCAL POLICY.

This is where the Government aims to put more money into the economy so that growth can be acheived and they do this by lowering taxes and increasing spending either singularly or simultaneously.

3 0
3 years ago
The type of workplace violence in which the perpetrator has no legitimate relationship to the business or its employees and is u
Soloha48 [4]

Answer:

Criminal intent

Explanation:

There are 5 types of workplace violence incidents:

  1. Criminal Intent: the perpetrator has no relationship with the business or the employees, e.g. robbery, shoplifting, trespassing, terrorism, etc.
  2. Customer/Client
  3. Worker-to-Worker
  4. Domestic Violence
  5. Ideological Violence
5 0
3 years ago
Is a general decline in prices throughout an economy
solniwko [45]
Dry and liquid media
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3 years ago
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